BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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High markings on a performance review
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Bonus
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Increased pay
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Commission
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Detailed explanation-1: -Job security is a non-monetary benefit given to the staff.
Detailed explanation-2: -Examples of non-monetary compensation include work flexibility, experiential rewards, and additional time off, but more on that later.
Detailed explanation-3: -Common examples of non-monetary assets include goodwill, copyrights, inventory, and plant, property and equipment (PP&E). No established market exists for non-financial assets, and asset owners must find potential buyers who are interested in acquiring the assets.
Detailed explanation-4: -The other three options as given in the question, that is, promotion, job security and employee participation are non-financial incentives that focus on psychological and social needs of the employees.